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hey traders in this video I'm gonna tell you why I agree with Peter shift saying that gold stocks are going to skyrocket very very soon let's go straight into it hey you yeah you don't place a trade based on what you're seeing in this video because trading is difficult right there's so many errors needed no become a good trader trading systems and mindset the Foundation's chart reading there's so many errors you need to become a really really good trader so this video here is to become educational only and there is no guarantees of making any money on any single given one trade so be smart about the way that you're trading and protect yourself also we have a 100% free brand-new 12 hour trading course foundations talk reading trading systems and so much more mindset link in description go click on right now and give it away 107 free free access the link in the description right now alright try to so today I want to talk about obviously Peter shift and and he's been saying now for quite some time I probably for the last say year or so that gold stocks are gonna go ballistic on the outside he's got they're gonna scar up on the upside and I'm gonna show you technically your reasons why that why I absolutely try the growth in now it's not my opinion it's based on what I'm seeing on the charts this is something I've been talking my private clients or quite some time and I actually have my raw money and a decent position done in bullish bullishness using the GD x GD x J&J no good stuff like that okay so I'm not just talking about like what I think is gonna happen I've actually got my money in this I've actually I've got a position a decent position waiting for this to happen so there's a lot of things I can share with you by looking at these markets okay I'm look at the G DX and the GD X today I'm just going to focus on these two in these two indices or these two ETFs right now because they're what would they want me to look at firstly these the gold stocks right now I've been holding strong while silver and gold have been selling off that's actually a very good sign secondly there's no way there's gold stocks are not in a bubble right now they've been correcting they've been very very quiet going sideways so therefore to me that tells me that the market is now likely to see some more upside very very very soon now we don't know when there soon is what I'm looking at right now is the GD X weekly chart guys and so therefore we're looking at a bigger a bigger picture here what I do want to share with you on a short-term timeframe charts and I'll give you the I'll give you the oil from a big picture here is this by looking the GDX what's happening right now in GDX on a longer term timeframe chart weekly chart we had a lower high lower high lower high we made this higher high and we still made this high low through here so as until this higher low through here is broken the the overall major trend has changed when this happened through here okay so the overall major trend now let's actually continue through here if we actually look at what the market is telling us right now then therefore I believe or by what the charts are telling us that I believe that yes we may get when you might be getting a bit of a shake and bake on the downside on the gold stock say the gold dgt excellent gxj we may be getting that yes but if you look at what's been happening through here right it's like the the market goes through what I call a tight what I call a time and price phase or price and time phase it has a big run-up it created a massive higher high for this here and had a pullback and went and went sideways this is what I call a time phase price phase when the markets having been run now it's time phase 4 here so the probability is probably 80% then we're going to see the move to the high side especially after this market on quiet for quite so long the markets got to go ballistic I totally agree with that and the reason why the reason why I say that is if you squeeze this china-based don't think I just stood there a minute ago but if you squeeze it shut up we've never seen the GDX code as quite as this right now and if you look at any chart any chart and if it goes sideways for a long extended period of time and doesn't do much guess what doesn't matter what's a Forex shuttle doesn't matter what's hot is how the markets work is that's what you call the time phase and when there's too much time price need to catch up time is when the markets resting and then price went and it was too much time on the chart ie her get too much sideways movement the market goes ballistic I'll give you an example of a trade that I did based on that that thing there all right so this was a gy yes actually this is a trade that I did just just recently I'm not gonna get into details that I bought so much on this one here my private traders know about this but see how this market went sideways through here for an extended period of time guess what this is now what we call a time phase and because this has gone through extended period of time when the market starts to break yeah guess what price needs to catch up because now they're not equal right we had so much sideways for us to catch up so therefore we go through what we go through a bit of a trip we go through a bit of extend and move so that's what we're probably that's what would prob that's what we're saying now on the GDX but what do we that was on the daily chart they go back to the week of challenging X but what else are we seeing on the G DX right now let me show you this here right now so I've obviously drawn these in already and this is that these are the charts that I keep an eye on and I've got I'm looking at the silver in the 80s and some as well too but why I believe that we are likely to see a big bull run a big massive run in gold stocks over the next say you know but by the end of say next year what we would have I believe we would have seen a massive bull run in the markets now I don't know I don't know that for sure but and I have my money on that and so therefore don't just place a trade based on what you're seeing and what I'm seeing here it's no there's no guarantees in making this money in one trade again I do have a good-sized position on bullish and bullish two markets but I'm sharing with you right now that the gold as you can see here the GDX has made a massive inverted head and shoulder and you can see the neckline is 30 that means that means that I on a short-term target I have a target of back to 2016 hires a short-term target of $30 once $30 is broken then the projection you measure from the head up to where the previous resistance is so you measure from here up to here and guess what project that up and so therefore you get a $50 DDX that's what I'm saying on the GTX if you go to the GD XJ guess what a very this say I'm gonna take this off here go to the GD XJ which is even more of a what time phase look out quite this is the markets gotta go ballistic but guess what where is it where where is the probability right because everything's about probability where is the probability that the market is likely to go ballistic where is it is that up where is it down well this is what I see in the markets right now and then I see what I see this here right now now what it what am i drawing through here what is this here right now big shoulder big head big shoulder right so this is a weekly chart memo not a daily chart so the the the up and down up and down on day day by day of a day can can do that but once again we get the major higher high everything I said on the DDX so therefore that tells me that we're made in this major major bonding pattern where is the projection will you do the white you do the exact same thing right you do you do the that the lever up through there then what you do is you go from the bottom through here so you go into this head point through here extend up to the resistance point bring that up through there and guess what now we have this level through here which is probably round the nine in doll level which has gone very very very close to these that was through here probably a bit higher that's where it's probably likely to run to but the first target for me is fifty dollars why because it's just that's the nicest way that sisters like a one-to-one projection fifty dollars once fifty dollars it broken they were probably like I say around nine he probably even a bit higher where you get the next resistance up through there so therefore what I say is one of the greatest opportunities right now is the GTX the G they say this has nothing to do with the gold individual stocks okay what you do is you do analysis on that stock and you go based on what that chart is telling you nothing else just because the GTX the GTX today I've got to go ballistic what I believe is some gold stocks won't some stocks will discuss some ways some gold stocks will actually go down that's the way it's like saying that the the Dow Jones is going up all the time so therefore every single stock in the Dow Jones is gonna go up no that's not true what tends to happen what tends to happen well you you if you look at the Dow Jones right now alright you see that the Dow Jones right now is what it's been going sideways but guess what guess what a lot of the stocks have been doing overall beat the big stocks actually been trending down JP Morgan Goldman Sachs all going sideways with it so therefore what I'm trying to sell with you is that you don't just you don't do analysis on the gold stocks indexes like the GX GXL like I've just done for you isn't something go well I'm gonna go by first with Jesse because I think you know because because this chart says the goal is gonna go stock gotta go ballistic so I'm gonna go buy that no you you get in based on what that chart is telling you and nothing yours because no matter what you think even if gold and even if the GDX in genetics a do go ballistic I guarantee there's going to be a twenty percent there's gonna be twenty percent of the stocks that actually end up going down that's just the way it is so do your analysis and only try it based on what that's the reason why I've put a position on the actually the gold the gold indexes itself not the gold stocks why because the gold indexes are telling me this is the chart that looks nice for me so therefore I'm going to trade what the chart is telling me I hope this makes sense guys I hope you enjoyed this and you know I've seen that video
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